Stock Groups

Twitter, Goldman Sachs, UnitedHealth and others

[ad_1]

See which companies are making the headlines even before the bell rings.

Twitter (TWTR) – Twitter surged 8.2% in premarket trading after Tesla (TSLA) CEO Elon Musk – currently Twitter’s largest shareholder – offered to take the company private for $54.20 per share in cash. Twitter’s proposed deal is expected to bring in more than $43 million.

Goldman Sachs (GS) – Goldman shares rose 2.2% premarket after the investment bank reported better-than-expected first-quarter profit and revenue. Goldman pointed out that clients’ activity was affected by a rapidly changing market environment.

Morgan Stanley (MS) – Morgan Stanley earned $2.02 per share for the first quarterThis beat the consensus estimate by $1.68, while revenue was also higher than expected. According to the bank, the positive results were achieved despite economic volatility and market volatility. The stock also rose 2.3% beforemarket.

Wells Fargo (WFC) – Wells Fargo reported adjusted quarterly earningsWhile revenue was 8 cents higher than expected, it came in at 88 cents per shares, which is 8 cents less than the estimates. However, this figure is slightly below what analysts had predicted. While the bank claimed that it will be assisted by higher interest rates, however aggressive Fed actions and risks associated with Ukraine’s war added to its economic growth risk. Premarket, the stock dropped 3.2%.

UnitedHealth Group (UNH) – The health insurer reported an adjusted quarterly profit of $5.49 per share, 11 cents above estimates, with revenue also topping Wall Street forecasts. Growth in Medicare Advantage, as well as an increase in its full-year outlook, helped to boost the results.

Rite Aid (RAD) – The drug store operator lost an adjusted $1.63 per share for its latest quarter, larger than the 57 cent loss expected by Wall Street analysts, although revenue exceeded estimates. Rite Aid has also revealed a program to reduce costs and project a 2023 fiscal loss smaller than the analysts anticipated. Premarket trading saw shares rise as high as 5.5% before retreating.

UPS (UPS) – UPS rose 1% after Loop Capital upgraded it to “buy” from “hold,” saying the call was largely based on an attractive valuation for the delivery service’s stock.

Western Digital (WDC), Seagate Technology (STX) – Susquehanna Financial downgraded both hard disk drive makers, moving Western Digital to “neutral” from “positive” and Seagate to “negative” from “neutral,” on expectations of weaker demand in 2023. Western Digital lost 3.3% during premarket trading, while Seagate fell by 3%.

Rent The Runway (RENT) – The fashion rental company’s stock was volatile in premarket trading after it reported a smaller-than-expected loss, as well as revenue and profit margins that exceeded Street forecasts. In off-hours trade, the stock initially fell as investors concentrated on other factors. lighter-than-expected forecastFor the current quarter, it moved up before losing its gains.

[ad_2]